NZD/CAD - GOOD LEVEL TO SHORT
THE PRICE IS IN A CONFLUENCE AREA. THERE IS OPPORTUNITY FOR THE PRICE TO GO SHORT, TAKING NOTE THAT TUESDAY IS EXPECTED A PUBLISH OF THE CPI, LOWER THAN PREVIOUS.THAT WILL MOTIVATE A DEPRECIATION OF THE NZD AGAINST CAD.
IN THE OPPOSITE, CAD CPI IS EXPECTED TO BE BETTER THAN PREVIOUS (BULLISH). ON WEDNESDAY BoC WILL MAINTAIN THE RATE DECISION AS EXPECTED, AND WILL PUBLISH THE MONETARY POLICY STATEMENT, IN ALL FIGURES THAT CAD WILL BE BULLISH.
IN THE OPPOSITE, CAD CPI IS EXPECTED TO BE BETTER THAN PREVIOUS (BULLISH). ON WEDNESDAY BoC WILL MAINTAIN THE RATE DECISION AS EXPECTED, AND WILL PUBLISH THE MONETARY POLICY STATEMENT, IN ALL FIGURES THAT CAD WILL BE BULLISH.
Trade closed: stop reached
UNFORTANELY THE PRICE MOVE TO OUR SL BECAUSE OF OIL FALL AMID OF THE " US House Judiciary Committee passes bill that would open oil producer group OPEC to antitrust lawsuits over production cuts "
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.